federal reserve

Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

Source: federalreserve.gov

OCC Puts Small-Dollar Loans Back In The Spotlight
OCC Puts Small-Dollar Loans Back In The Spotlight
May 24, 2018  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The...

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Millennials May Never Financially Recover From The Great Recession
Millennials May Never Financially Recover From The Great Recession
May 23, 2018  |  Debt

For all the press about how millennials are the future of commerce, there is one big and rather problematic roadblock in that narrative. Get the...

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JPMorgan Gives Crypto A Chance, Blockchain Startup Poaches Visa Exec
JPMorgan Gives Crypto A Chance, Blockchain Startup Poaches Visa Exec
May 23, 2018  |  B2B Payments

Federal Reserve Governor Lael Brainard offered her input on the cryptocurrency debate this week, declaring “no compelling demonstrated need” for a central bank-created digital currency....

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Fiserv: Checks Aren’t Dead Yet — Here’s How Banks Are Responding
Fiserv: Checks Aren’t Dead Yet — Here’s How Banks Are Responding
May 23, 2018  |  Payment Methods

Don’t buy too much into rumors of their demise. At this rate, checks will thrive well into the 2030s. Get the Full Story Complete the...

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Twenty-Eight Percent Of Home Equity Borrowers Over 60 In 2017
Twenty-Eight Percent Of Home Equity Borrowers Over 60 In 2017
May 18, 2018  |  Debt

The rich are getting richer, at least in terms of household wealth. Get the Full Story Complete the form to unlock this article and enjoy...

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Wells Fargo Accused Of Manipulating Business Banking Data
Wells Fargo Accused Of Manipulating Business Banking Data
May 17, 2018  |  Bank Regulation

It’s happened again. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

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Some US Loan Standards Ease In Q1, But Not Credit Card Or Auto Loans
Some US Loan Standards Ease In Q1, But Not Credit Card Or Auto Loans
May 09, 2018  |  Loans

Lending standards for business loans eased at U.S. banks in the first quarter of the year, according to a new report from the Federal Reserve....

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Mulvaney Might Move CFPB To Cut Costs
Mulvaney Might Move CFPB To Cut Costs
May 02, 2018  |  CFPB

In a bid to save money, Mick Mulvaney is considering moving dozens of employees of the Consumer Financial Protection Bureau (CFPB) to the basement of...

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Framework Bows For US Faster Payments Council
Framework Bows For US Faster Payments Council
April 25, 2018  |  Faster Payments

The Governance Framework Formation Team (GFFT) said Tuesday that it has completed a draft framework to create a new U.S. Faster Payments Council (FPC), eight...

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